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• <br />CITY OF LA PORTE EXHIBIT 7, P. 3 <br />NOTES _TO FINANCIAL STATEMENTS <br />SEPTEMBER 30. 1980 <br />NOTE 5: 1963 Water District serial bonds in annual install- <br />ments of $5,000 to $55,000 through June 1, 1993; <br />Interest at 5% $ 185,000 <br />1970 Water District serial bonds in annual install- <br />ments of $5,000 to $50,000 thru 6-1-89;Interest 6.5% 85,000 <br />1970 Water District serial bonds due in annual <br />installments of $5,000 to $10,000 from February <br />1, 1989 through February 1, 1993; Interest at 8% 45,000 <br />1979 General Obligation serial bonds due in annual <br />installments of 100,000 from February 15, 1982 <br />to February 15, 1995; Interest at 6.4% from 1982 <br />to 1983; 5.2% from 1984 to 1991; 5.3% to 5.45% <br />from 1992 to 1995 1,400,000 <br />1973 General Obligation serial bonds due in annual <br />installments of $25,000 to $50,000 from February 15, <br />_ 1981 through February 15, 1996; Interest at 6% from <br />1981 to 1986; 5% from X987 - 1988; 5.10% from 1989 - <br />1991; 5.2% to 4% from 1992 to 1996 615,000 <br />• 1980 General Obligation and Refunding serial bonds <br />due in annual installments of $175,000 to $250,000 <br />from August 1, 1981 through August 1, 1995; Interest <br />at 8.50% from 1981 - 1984; 7.50% from 1985 - 1988; <br />7.0% from 1989 - 1993; 7.5% to 8.25% from 1994 to 1999 _3,850,000 <br />6.970.000 <br />A summary of annual requirements to amortize General Obligations <br />outstanding as of September 30, 1980 is as follows: <br />Year Ending <br />September 30, 1980 <br />81 $ 321,000 <br />82 396,000 <br />83 407,000 <br />84 411,000 <br />85 414,000 <br />86-91 2,226,000 <br />92-99 2,795,00_0 <br /> $6,970,000 <br />• <br />